EUROPE - A Swiss pension fund has tendered a global, unlisted infrastructure mandate using IPE Quest.

The $100m-150m (€77m-115m) advisory mandate (QN1148) calls for both selection and administrative services.

The pension fund said it was looking for an "established and stable advisor", with long experience in infrastructure.

Applicants must also have the ability to provide most services internally and have experience in primary, secondary and direct investments.

The fund said it was less interested in capital appreciation than regular, stable yields and expressed a style preference focusing on "very conservative" Brownfield projects.

Interested parties should provide performance figures up to 31 October. The closing date for applications is 22 December.

In other news, the London Borough of Lambeth's pension fund has awarded a €90m pan-European property mandate to Invesco Perpetual.

Invesco will place the assets into a €410m fund, which currently invests in countries such as Germany, the Netherlands, France and the UK.

The news comes a month after the £720m (€820m) local government pension scheme terminated its contracts with UBS Global Asset Management, AllianceBernstein and Aberdeen Asset Managers after a new investment strategy was put in place in 2009.

Please note: the news team is unable to answer any further questions about IPE Quest tender notices to protect the interests of clients conducting the search. To obtain information direct from IPE Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email